I believe my answer still holds true. Programming isn't as well-suited for constant live streaming because:
a) The viewer can't leave the stream in the background (as you would television)
b) A very large amount of dead air where nothing is happening and the streamer needs to fill dead air. (even worse if you have to debug something)
c) It would require a very optimized overlay that makes it easy to see the code at sub-1080p resolutions. (almost no screencast even now does this because it impacts usability)
d) The presenters need to be socially engaging; given the demographics of people who are the best coders, this is not a guarantee.
In the meantime, I've done some code streaming Hello World PoCs just for fun, with a few optimizations to solve the problems above. They haven't gone well (need to fix a sound desync issue) but there is potential: http://youtu.be/DWRI_7HgZwk